Talking Tesla

FinancialsMargins miss by about 20%Zac: one time chargesEmployee Stock increase and Stock based compensationBonds coming due which converted to stocksS and X refurbIf excluded above, would be better than previous quarterRisks for this year: Global Semiconductor marketOther Covid impacts could affect themCould look at Tesla as revenue/cell output and it’s value as a companyThey’ll excel because of efficiency and want all cell manufacturers to produce and sell to them. Will buy as much as they can sendRegulatory credits could be the same could be lowerGrowthExpect 50% growth for the next few years or more Elon: The market undervalues FSD revenue stillBecause of cash on hand, will move faster on:Service centersSuperchargersManufacturing?Products?Some human capital limitations but still expect above average growthFSDStatusStill moving towards 360 Cameras views for all parts of the codeThings are on trackExpanding the beta programRegulatoryChina will be allowing level 5 later this yearEU is barely allowing level 3